10 African countries with the strongest currencies in 2024
Having a strong currency provides numerous benefits to African economies, ranging from increased purchasing power and attracting foreign investment to...
Nigeria seeks to remove ‘unsustainable’ power subsidy
Nigeria’s Power Minister Adebayo Adelabu has proposed the removal of the electricity subsidy, saying the country can no longer sustain...
Kenyan shilling surges as it records highest gain in 12 years
The Kenyan currency continues to thread in a positive direction as it records another gain against the US dollar. The...
Nigeria unveils ambitious plans to tackle soaring food prices
Nigeria has touted plans to regulate food prices. On Tuesday, the vice-president of the country, Kashim Shettima revealed the federal...
Access Holdings names Bolaji Agbede acting CEO following Herbert Wigwe’s death
Access Holdings Plc has announced the appointment of Bolaji Agbede as the Acting Group Chief Executive Officer. The appointment comes...
Bad Weather The Possible Cause of Helicopter Crash Killing Top Nigerian CEO Herbert Wigwe
Authorities investigating the helicopter incident that led to the tragic loss of Nigerian banker Herbert Wigwe mentioned that the conditions...
Naira falls as dollar supply declines 1week after CBN’s policies change
Nigeria’s currency, Naira, fell by 3.1 percent (N50.11) as dollar sales by banks maintained a steady decline, one week after...
Fuel prices in Tanzania drop as the global energy market catches a break
Tanzania’s energy sector gets a reprieve as the price of petroleum products reduces. An update on the prices of petroleum...
Exxon Mobil to leave Equatorial Guinea after nearly 30 years
Exxon Mobil Corp. intends to exit Equatorial Guinea in the coming months, concluding nearly three decades of oil drilling that...
Nigeria’s anti-graft body goes after firms that issue invoices in dollars
As part of the effort to tackle the forex crisis in Nigeria, the Economic and Financial Crimes Commission (EFCC) has...